Regional Head of Internal Audit - Indochina & Philippines
Nestle Thailand Ltd
مجموع سنوات الخبرة :31 years, 4 أشهر
Managing the regional audit function in order to review and assess, through formal operational audits of Nestle units (Businesses, Factories, Co-manufacturers, Sales, Distribution centers, Supply Chain, Procurement, Human Resources, Marketing etc.) --
• Review existence and effectiveness of Internal controls
• Reliability and integrity of financial and operational information
• The compliance of Nestle policies, instructions and guidelines and the Local Laws.
• Control and efficient use of company’s assets and resources.
Responsibilities:
Establish audit plan based on risk assessments to prioritize allocation of audit resources, drive execution of audit plan, fraud investigations & reporting.
Perform Internal audit covering all operational areas including Technical (ex. Quality, Production, Safety, etc.), Sales, Marketing, Human Resources, Supply Chain, Finance, Procurement etc.
Communication of audit reports and audit rating to stakeholders.
Update local management about key risks, internal control gaps and group audit findings
Lead and develop high caliber team
Managing the regional audit function in order to review and assess, through formal operational audits of Nestle units (Businesses, Factories, Co-manufacturers, Sales, Distribution centers, Supply Chain, Procurement, Human Resources, Marketing etc.) --
Review existence and effectiveness of Internal controls
Reliability and integrity of financial and operational information
The compliance of Nestle policies, instructions and guidelines and the Local Laws.
Control and efficient use of company’s assets and resources.
Responsibilities:
Establish audit plan based on risk assessments to prioritize allocation of audit resources, drive execution of audit plan, fraud investigations & reporting.
Perform Internal audit covering all operational areas including Technical (ex. Quality, Production, Safety, etc.), Sales, Marketing, Human Resources, Supply Chain, Finance, Procurement etc.
Communication of audit reports and audit rating to stakeholders.
Update local management about key risks, internal control gaps and group audit findings
Lead and develop high caliber team
Key achievements:
Added value to the business by plugging control gaps worth over USD 2 million. This is only based on sample size selected during audits and real benefit could far exceed this value
Successfully passed Certification for the region assessed by Group Audit team from Switzerland
Built the team from scratch and empowered them to reach high capability level within a short time by having right people, coaching & training, usage of data analytics
Drove discipline & added value during audits and consequences management where needed based on audit results
Spearheaded Basic Internal control and audit awareness training covering 2, 000 employees across the region
Developed a local audit talent pool by exchange of audit resources across regions
Part of Special group audit assignments in Switzerland, China & Japan to benchmark the best practices followed during audits
Reporting:
Functional reporting to Head of Group Audit based at Headquarters in Switzerland (who reports in to Audit committee) and also to CFO’s of 2 regions
Dynamic forecasting Decision support and Control Gap analysis
Business Performance review Strategy Pricing
Project evaluation - Pre & Post
Brief synopsis of the Role:
As a Co-Pilot role, to drive sound business decisions to optimize sustainable profitable growth. Acts as change agents, drive value creation and ensure stewardship and governance.
Responsibilities:
To ensure and support sustainable profitable growth - Ownership of all PNL lines of the Business
Establish Operational plan for the year, track actuals, gap analysis, providing insight behind the numbers, recommend corrective actions to close the gaps
Constant Internal benchmarking of costs, drive saving or improvement initiatives
Closely track competitors costs, shadow PNL, pricing strategies and benchmark
Participate in Market Business Strategy development and provide associated scenarios
Work closely with decision Support and Control to provide timely high quality data and reliable measurements of KPIs.
Review monthly performances for achievements of targets and forecasts and develop/follow up the action Plans
Analyze and challenge product portfolio to identify cost optimization opportunities, eliminate value destroyers and maximize return on investment
Evaluate (Pre & Post) capital expenditure projects to maximize ROIC / EP
Achievements:
Improved margins by 300 bps (USD 3 million) by discontinuing loss making products, changing packaging design, better tax management, drive profitable product mix under capacity constraints
As Co-pilot, navigated the business by constant gap reviews and managed to exceed targeted profitability (by better resource allocation on marketing spends, ROIC, spend evaluations, simulations, pricing strategy etc.
Turnover: USD 150 Million p.a
Coverage: Southern India - Chennai & Bangalore sales offices
Team Size: 15 personnel
Key Skills:
Credit control Pricing maintenance Stock control Drive compliances
Receivables management Trade and marketing spend controls Indirect taxation
Trade spend claims processing and controls Sales Accounting
Brief synopsis of the Role:
As a Co-Pilot for the sales division, to drive discipline around compliances, efficient management of working capital, receivables, stock, drive control over marketing expenditures
Responsibilities:
Ensure timely collection from customers, receivables and dispute management
Budgetary control over marketing spends - Variable and Fixed
Claims processing of distributors pertaining to trade spends
Ensuring right recognition of sales, dispatch of stocks etc
Control over bad goods
Driving compliances by market visits, audits, etc.
Responsible for indirect taxation (VAT) for the region, liaison with authorities